428 9th St, Richmond, California 94804, Richmond, 94804 - bed, bath
ACTIVE$705,000
428 9th St, Richmond, California 94804
0Bed
0Bath
Sqft
8,437Lot
Year Built
1960
Close
-
List price
$705K
Original List price
$705K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41119279
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $705.0K(30th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
HUD Fourplex on the South Side of Richmond. Three units are 3 Bedroom and 1 Bath and One unit is 2 Bedroom and 1 Bath. Separate Laundry room with hook ups for washer/dryers. Security Gate entrance with Covered Parking. The property is conveniently located close to Hwy 580 & 80, AC Transit, Golden Gate Transit, the Richmond Marina and minutes to the BART Station. For a Virtual Tour go to: https://my.matterport.com/show/?m=PStNERbg66M
Nearby schools
3/10
Nystrom Elementary School
Public,•K-6•0.2mi
1/10
Lovonya Dejean Middle School
Public,•7-8•1.4mi
2/10
Kennedy High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
12/15/25
Listing
$705,000
09/15/21
Sold
$975,000
03/04/20
Sold
$675,000
Condition Rating
Poor
Built in 1960, this property is significantly aged. The interior images reveal highly outdated kitchens with old wood cabinets, laminate countertops, yellow tile backsplashes, and dated white appliances. The flooring throughout consists of worn and dirty ceramic tiles, and light fixtures are also outdated. The overall condition suggests substantial deferred maintenance and a need for extensive rehabilitation, including full renovations of kitchens, likely bathrooms (not pictured), and potential updates to major systems.
Pros & Cons
Pros
Multi-Unit Income Property: As a fourplex, this property offers significant income potential and diversification for investors, providing multiple rental streams.
Excellent Transportation Connectivity: The property boasts convenient access to major highways (580 & 80), AC Transit, Golden Gate Transit, and is minutes from the BART Station, making it highly attractive for commuters.
Tenant-Friendly Amenities: Desirable features such as a separate laundry room with hookups, a security gate entrance, and covered parking enhance tenant appeal and retention.
Diverse Unit Configuration: The mix of three 3-bedroom and one 2-bedroom units caters to a broad tenant base, optimizing occupancy and rental income potential.
Potential Investment Value: The current list price of $705,000 is notably lower than its last recorded sale price of $975,000 in 2021, potentially offering a strong value-add opportunity for investors.
Cons
Low-Rated Local Schools: The assigned middle and high schools in the area have low ratings (1 and 2 respectively), which can deter families and impact long-term property desirability.
Age of Property & Potential for Deferred Maintenance: Built in 1960, the property is over 60 years old, suggesting potential for aging infrastructure, higher maintenance costs, and possible deferred maintenance, especially given its HUD designation.
Neighborhood Perception: The 'South Side of Richmond' location, while offering transit access, may carry a perception of being a less desirable area, potentially affecting tenant quality and property appreciation.